Kazuo Okada’s Manila Casino Project Could Reach $4 Billion

Kazuo Okada’s Manila Casino Project Could Reach $4 Billion

Kazuo Okada, the billionaire that is japanese former friend of Steve Wynn, wants to turn Manila into the new Macau.

Kazuo Okada, the billionaire chairman of Universal Entertainment Corp and Tiger Resorts Entertainment Inc, could be upping their investment in Manila to $4 billion, as he seeks to transform the capital that is philippine ‘Entertainment City’ into the brand new Macau.

This would represent Okada’s biggest investment of most time, stated Takahiro Usui, COO of Tiger Resorts this week.

Usui also revealed that the fruit of this investment, a 993-room resort and casino resort scheduled to start in November, features a name that is new. The task previously known as ‘Manila Bay Resorts’ has become ‘Okada Manila,’ which suggests the Japanese gaming mogul has learned a thing or two from his former business partner-turned-foe Steve Wynn, and associated with the value of plastering your name over the front side of a casino.

Wynn Feud

Okada had been a Wynn Resorts executive and a major shareholder in the business, until he was ousted in 2012. The 73-year-old businessman that is japanese who made his fortune manufacturing Pachinko machines, had initially expected his old friend Wynn to come on board with the Manila task as he received a video gaming permit there in 2008.

Okada had bailed Wynn out to the tune of $455 million to help finance the completion of Wynn Las Vegas and Wynn Macau, for which he received a 20 Continue reading “Kazuo Okada’s Manila Casino Project Could Reach $4 Billion”

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